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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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Below is an Interesting article I found, which says that.....Do not 9 [6 Q$ U" v6 Q/ N
expect much from Crude Oil producers and future is not with the
1 [$ m' \" Z8 z' rcompanies producing Jet fuels but Biofuels. Also no wonder if some of
2 x- V' ~& N$ d" z. s4 sthese oil producer will go bankrupt or out of the business even if - }2 V% u. }0 N% {# y
crude prices improves. This implies also to good names such as Shell,
+ i; b( o$ V  C& D& V! vEXXON, BG, BP, Cheveron ....xyz.. oils
. O  ~$ @. E+ m' w+ z+ A" b7 V3 l6 C+ B" Y
Recently OPEC reduced crude oil production twice over just a few
5 B# o/ x- V: W0 V1 lmonths. There are three wars going on in Gaza, Iraq and Afghandistan.   }  T) s' n, w; P+ d4 c) y1 z
A year ago these things would have spiked the price of crude oil by at 7 O$ N# H9 Q- y& y$ u8 v
least $50.00 per barrel. Today, oil price declined by a record amount. ( Y9 F; P; [2 l2 z6 z) l1 q& n

- k+ Q" B# B1 V+ l  q# o3 D+ j/ c+ f
/ L- Z. f% |# }- |7 t! I" xThere are several reasons the price of oil is decreasing in the face ' a0 c0 q# b3 g2 [4 `0 p: c
of so much news. These reasons are: + c0 v) b5 T+ Y& x. ^! |" x
5 n9 L6 c) t- x8 Q+ h

. Q$ W1 |6 k; A6 L8 k5 l: g1. New oil has been found in Canada, Montana, North & South Dakota and $ c% ]+ q  b; ~
in the ocean near Brazil. Each of these oil fields has more oil than
( S! p  v: e7 {4 rArabia. 8 {8 ]5 L7 h: R7 W( Z

7 {" X) d' M6 q% O% g1 ?9 A$ k, d, Z2 O% `/ x+ R! s
2. New natural gas has been found in Pennsylvania and West Virginia. ; ]- P( u  u" C; [* W9 P* {
This is the largest find in North America. ' F% F) O# z4 l. D; w
. B: _. D+ l5 D' b6 q5 U
) s, Q/ r9 R; H# ?+ H
3. New methods of injecting CO2 and surfactants into oil wells is # D, e( p% h; {* `
being used to double their output.
- r# k- |- m! _& u- P$ X5 o
3 H9 q: W  _" `$ J6 H
# V) m" m1 p- I8 f* s4. Production of bio-fuels is beginning to reach critical mass. Bio ( x6 @- R( o; [" \5 q
fuel is being produced from many plants and algae. The production 0 w  }& {8 m' Z
potential per acre in some cases is astounding. Many countries are . ^5 Q  f7 _) R% s
racing to produce bio fuels.
7 v( N3 ~4 N8 Y, O. T) e( ^
, ^+ K- B* P0 y! I  K- u7 ]
5 C0 h- d3 r* @" p3 j4 {! W5. Virtually every restaurant in the US and all food processing plants ( X9 e7 W. M, A8 q& |/ |
are now selling their used oil to bio-diesel producers. Every pork,
/ l% N0 B" [, g$ ^6 I$ I5 f1 X8 ?- t; n- Rcattle, turkey and chicken processing plant will soon sell their fat
# B5 Q& l4 k  _( @/ A$ S. H# qto bio-diesel producers. One pork processing plant in Oklahoma is - ~7 t5 x! }+ }7 L
producing 30,000 gallons of bio-diesel per day from pork fat. 8 v" |! U' n  ^
5 U% D# I" x1 ^! e( M& G
1 a% ~( n# f9 k" ^( U, N% J  J  ?: s
6. There are 99 nuclear reactors in various stages of planning and + J- W2 s: A8 `+ m) }* E3 G
construction around the world at this time. Several hundred more are * j* s3 f- W! H+ e9 A0 A- ]$ P
expected to be built in the future. Much of the energy they produce
6 Q9 t& r# j. Y0 i6 uwill replace oil.
9 l1 }8 L! O) y3 Q+ w( j1 B7 Q! {. g# X2 h1 _0 ~

6 M& ]6 ^5 b7 x$ [: V% P7. Every company in any form of transportaion business is replacing
" f3 M5 D+ q; D& _0 Q, g# lolder equipment such as trucks, airplanes, train engines, ships, etc.
% D+ r! m5 v. U- ~8 h' L# R; _6 Ewith new more fuel efficient equipment. Airlines and railway companies / I6 K3 P2 T$ c
are experiencing 20% to 25% better fuel econony with the new ! `" M2 N1 h, N: z% |5 J$ ]
equipment. 3 h5 j% o' N; _+ W" G
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0 R9 G+ I# N4 @+ D  q( }8 H
Airlines are flying airplanes with bio-fuel. They are finding the bio- 7 k6 W4 I- ]  c: F( }
fuel is cleaner and performs better than jet fuel. ( Y+ P3 w! y3 O# @5 @
: O! o) H, H$ ~/ V+ J" O' c5 t1 P3 E/ A
: G: P# V0 L+ v8 h# U  _
8. Cities and counties throughout the US are selling the rights to ; N. Q7 s' A7 H% {% Y5 O; `
capture methane gas from landfills. This is a huge source of gas
; o8 f: N3 k- r5 r. Tavailable at very little cost or risk. The gas is displacing crude
5 t( p! O' l' c2 V4 p2 R1 E! qoil.   A7 d+ S; r# U' N! v7 \

% \0 {: b: C3 `1 v8 ]  W
/ h; ^+ M1 l, U" Y9. Coal is being transformed into a clean burning liquid fuel. The CO2
1 _& |, T6 O' {; l! H, F" Wproduced as a byproduct is sold to oil companies for injection into
1 P% P' b7 Z: ioil wells. 9 B, {  n2 Y: _2 i5 e

. ?0 ]" E+ n3 X  K4 K2 {* `0 m$ o- [3 D3 A0 P
10. Solar, wind and ocean energy is displacing oil as an energy $ Q) N: H0 p. K: {9 I
source. Three new wind turbines are being erected every day in the US.
0 S5 I# N/ j* [8 M( e4 K7 {* j5 X3 D5 r# ?# \5 X) a& J7 }2 c4 n9 Q+ o" c

- l: j, f  o3 vEach of the above by itself will not make a large difference in the
+ K) O$ K' N  q+ ]  @7 u  g& Rprice of crude oil but the sum of all of them together is world
  g) z6 x7 S) e: h. kchanging. The important thing is that OPEC no longer has the ability
6 K: B" z0 ]5 L' V/ j3 yto control oil prices.
7 ?' j- s$ C; X1 k+ f* B4 m2 v1 ?' E5 ~9 D7 ^6 [7 O* T

5 U% J. d1 N' dWith the above scenario, I still believe that there are under , U. i; t3 X6 r
performed OIL companies and probably they are yet to get the justified " C1 f& c+ r$ ?
value .....
: X8 J! p# ?1 b, lIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... 1 W* J3 G8 O# }9 I6 z9 O
# |7 O9 ]7 [  K* \1 ]' w/ }" a

9 y, Z0 |8 P2 w; K3 cThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
1 M' {/ s, j) T2 u5 C2009 ... FYI-Only
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